8-Unit Apartment Property with Carriage
1119 1121 W Linden Street, Allentown, PA 18102
For Sale
New
$1,100,000
ResidentialIncome, Allentown City, PA
Property Size7,720 SF
Lot Size0.11 Acres
Price / SF$142.49
Days on Market1
Property Features for 1119 1121 W Linden Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
BHHS Regency Real Estate · Prudential Real Estate
(610) 432-5252
Listed By:
Andrew A. Ginsburg
(610) 349-6644
Added: Nov 14
Last Checked: Nov 14 at 7:06PM
MLS# 787973
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8-unit apartment property contains 7,720 square feet, with seven apartments in the main buildings and one in a detached carriage house. The unit mix comprises five one-bedroom apartments and three two-bedroom apartments. Each unit has a separate electric utility, and the property includes two off-street parking spaces. Renovated interiors, frame and stone construction, electric baseboard heat, and public water and sewer are among the property’s physical features.
Located in Allentown, the property is within walking distance of the Moxy Allentown and Archer Music Hall, as well as downtown dining, businesses, and entertainment venues. The parcel comprises 0.11 acres and is zoned R-H.
Located in Allentown, the property is within walking distance of the Moxy Allentown and Archer Music Hall, as well as downtown dining, businesses, and entertainment venues. The parcel comprises 0.11 acres and is zoned R-H.
Key Highlights
- Eight apartments: five one‑bedroom units and three two‑bedroom units
- 7,720 square feet of property area on a 0.11‑acre parcel
- Detached carriage house contains one of the eight apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,231
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,620
$1.4M
Cap Rate 7%
$1,017,586
$1.0M
Cap Rate 9%
$791,456
$791.5K
Market Conditions
NOI Build-Up for 7,720 SF
Gross rent
$139.0K $18.00/SF
− Vacancy
−$9.4K −$1.22/SF
EGI
$129.5K $16.78/SF
− OpEx
−$58.3K −$7.55/SF
NOI
$71.2K $9.23/SF
Area
Allentown, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,620
Cap Rate 7%
$1,017,586
Cap Rate 9%
$791,456
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$890.4K – $1.19M
NOI $71,231 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,165 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,101
Businesses Nearby
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Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Allentown, PA
Properties on Market for Apartment buildings in Allentown
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A detached carriage house adds a separate living space to the eight-unit configuration.
Where is this apartment building located?
The property is located at 1119 1121 W Linden Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Eight apartments: five one‑bedroom units and three two‑bedroom units; 7,720 square feet of property area on a 0.11‑acre parcel; Detached carriage house contains one of the eight apartments
